US dollar hits highest level of country’s history against Pakistani Rupee
KARACHI (92 News) – US dollar hits highest level of country’s history against Pakistani Rupee as Pakistan’s central bank lost its clutch on the US dollar as it appreciated to Rs166.13—its highest ever on Thursday.
The value of the US dollar against the rupee rose Rs4.53 to Rs166.13 in the interbank market. The dollar rate increased by Rs7.46 in a week.
Prime Minister Imran Khan has taken the notice of hike in value of dollar and its hoarding. However, the SBP initiated the inquiry. The meeting of currency monitoring is expected tomorrow.
A day earlier, the dollar touched Rs161.6 against the rupee from Rs159 on close of business on Tuesday, according to the ready rates provided by the State Bank of Pakistan.
The SBP’s latest data had revealed that outflow of investment from T-bills in the first 20 days of March rose to $1.614 billion, which took the net foreign holdings in government papers down to $1.461bn from the peak of $3.4bn.
Since then, the dollar has jumped by a cumulative Rs11.75 (or 7.6pc) to Rs165.50 as of today afternoon, compared to Rs154.25.
The Pakistani rupee has, just since last Wednesday, depreciated 4.1 per cent against the dollar. It traded in the interbank market at 158.5 then.
About 92 News HD Live Main TV Channel of Pakistan:
92 News (also known as 92 News HD Plus (Channel 92) is a conservative Urdu language TV channel based in Lahore, Pakistan.
Mian Muhammad Hanif is the chairman of the channel.
This TV channel is a subsidiary of Madinah Group under Galaxy Media Group.
The channel's name, 92, is to celebrate the 1992 Cricket World Cup won by Pakistan. The number 92 is also the telephone country calling code of Pakistan, which is another major reason behind the channel's name.
92 News HD is Pakistan’s first HD Plus News Channel. Aims to bring credible & responsible News & important stories from Pakistan & around the World
We bring you Latest Pakistani and International News at 92 News Hd Plus to Read and Watch
We believe in genuine and true journalism, we do not prevail sensation just for ratings.
We do not hide news but never tend to add any unethical content or angling that goes against the norms of our religion Islam and Pakistan's culture.
تازہ ترین خبریں حاصل کرنے کے لیے فوری اطلاع کی اجازت دیں
آپ کسی بھی وقت دائیں طرف نیچے بیل آئیکن پر صرف ایک کلک کے ذریعے آسانی سے سبسکرائب کر سکتے ہیں۔